Arm’s $55 Billion Valuation Falls Short of Lofty Expectations

Arm is aiming for a valuation of close to $55 billion
Lowered value is a letdown to Softbank’s Masayoshi Son

WATCH: Arm Holdings Ltd. is planning to raise as much as $4.87 billion in the long-anticipated initial public offering. Amy Or reports.Source: Bloomberg

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By Thyagaraju Adinarayan and Swetha Gopinath

September 5, 2023 at 1:42 PM UTC

Updated on

September 5, 2023 at 5:05 PM UTC

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Arm Holdings Ltd.’s initial public offering is already falling short of lofty expectations, despite riding the AI wave and listing amid the tech giants in New York.

The Cambridge-based company, which snubbed the London Stock Exchange earlier this year, is aiming for a market value of close to $55 billion, based on calculations from filings released on Tuesday. That’s well below initial reports of a target of up to $70 billion.